Premier Miton Share Discussion Threads

[riverman77] 23/2/2024 14:10

Ah but the difference is that active funds now have a formidable competitor in the form of passives, so you really need to stand out if you want to be successful.

[bmcollins] 23/2/2024 13:42

@dexdringle
Very droll, I love that post !

[dexdringle] 23/2/2024 13:24

....same with supermarkets. They all sell basically the same stuff. Absolutely ridiculous. None of them are ever going to make any money doing that 🙄

[riverman77] 23/2/2024 11:27

Yes I have done my research. I see that statistic rolled out every time and it's not a good measure - if you measure performance since launch or FM tenure there is a huge amount of survivorship bias - poor funds get closed down and poor fund managers replaced so these numbers always look flattering. Better to look at 3y and 5y numbers and they are poor - that is what most investors will look at and drive flows.

The other problem with PMI funds is they lack any sort of differentiation - dozens of identical UK equity funds - there are literally hundreds of similar funds out there so why on earth would I want invest in one of their funds?

[bmcollins] 23/2/2024 10:38

@riverman
You stated "lousy funds with pretty sh-t perfotmance across the board", are you sure you did your research before posting ?
Last update from PMI on 12 Jan, just 6 weeks ago, states "75% of funds in top or 2nd quartile of their respective sectors since launch or fund manager tenure", I don't see how you can call that lousy...

[riverman77] 23/2/2024 10:11

Is it? Lousy set of funds in my view with pretty sh-t performance across the board. Can't see how they compete with low cost (and much better performing) passives.

[chrisdgb] 23/2/2024 10:06

Great value here.........

[neilyb675] 19/2/2024 15:14

60.00 - 61.00 (GBX) at 15:07:30
on Market (LSE)

[thelongandtheshortandthetall] 23/1/2024 07:26

When it gets nearer 75p they're likely to raise it to 90p and so on and so on etc..

[chrisdgb] 23/1/2024 07:24

75p feels a bit skinny.......

[tole] 23/1/2024 06:57

https://citywire.com/funds-insider/news/expert-view-premier-miton-virgin-wines-spectris-big-technologies-alphawave/Peel Hunt: Premium upside at Premier MitonThere is 'significant upside' available at Premier Miton (PMI) despite the fund manager suffering the same outflows as the rest of its sector, says Peel Hunt.Analyst Robert Sage reiterated his 'add' recommendation and target price of 75p on the stock, which jumped 6.4%, or 3.8p, to 63p on Monday.In the three final months of 2023 – which was Premier Miton's first financial quarter of 2024 – assets under management rose by 2.6% to £10.1bn as positive market moves of £600m offset outflows of £300m.Underlying net outflows of £200m represented a 2.4% fall in opening assets under management, down from a 6.4% loss in the preceding quarter, and better than some peers.'Industry flow pressure has continued into second quarter 2024, although we expect the rate to moderate,' said Sage.'Overall, we are reassured by the update, although the continuing negative flows remain a concern for the industry, including Premier Miton.'Sage said the investment manager was 'highly geared to market conditions and medium-term upside is significant'. The shares have more than halved from 205p in January 2022.

[thelongandtheshortandthetall] 18/1/2024 08:24

X divi today folks.

[blackhorse23] 12/1/2024 12:17

Money moved to GNC

[neilyb675] 12/1/2024 08:06

61.00 - 64.00 (GBX) at 08:04:39
on Market (LSE)

[thelongandtheshortandthetall] 12/1/2024 08:04

Very limited outflows IMO. Suggests the worm is turning :)

[chrisdgb] 12/1/2024 08:01

Apologies, duff data, anyone had feedback on presentation...?

[masurenguy] 12/1/2024 07:09

Q1 AuM update

Premier Miton Group plc (AIM: PMI) today provides an update on its unaudited statement of Assets under Management ('AuM') for the first quarter of its current financial year (the 'Quarter' or 'Period').

-- £10.1bn closing AuM at 31 December 2023 (30 September 2023: £9.8bn)
-- £0.2bn of net fund outflows for the Quarter
-- £0.1bn of mandate transfer and fund disposal
-- Continued strong relative investment performance with 75% of funds in the first or second quartile of their respective sectors since launch or fund manager tenure

Mike O'Shea, Chief Executive Officer, commented: "The Group's AuM ended the Quarter at £10.1bn, an increase of 3% on the opening position for the year. The closing AuM and the net outflows for the Quarter include the sale of the Premier Miton Worldwide Opportunities Fund and the previously announced transfer of the MIGO Opportunities Trust plc to Asset Value Investors, these had a combined AuM of £0.1 billion. As part of our ambition to develop the Group's presence in the offshore fund market, we are pleased to announce that during the period we agreed to take on the investment management of a Dublin based UCITS platform with approximately GBP0.1 billion of AuM. This will be the foundation of our offshore fund development plans enabling us to distribute our fund management capabilities across a broader client base. The appointment remains subject to normal regulatory clearances and is expected to complete in February 2024. Further details will be announced in due course. The assets of the Dublin UCITS platform will be managed by the Group's existing fund management teams and no new employees will be joining the Group as a result. Neither the consideration from the sale of the Worldwide Opportunities fund or for the appointment to the Dublin UCITS platform are material to the Group's cash position. I am pleased to note that the improvement in short term performance mentioned at the time of our full year results announcement has continued into the calendar year end. As a result, our investment performance remains relatively strong with 75% of funds in the first or second quartile of their respective sectors since launch or fund manager tenure."

[pdosullivan] 11/1/2024 21:14

AUM update out in the morning I think

[bmcollins] 11/1/2024 15:16

roghart
Agreed, FT says 18th, being a Thursday it was the first thing I looked at.

[roghart1] 11/1/2024 14:44

Not until the 18th

[bmcollins] 11/1/2024 13:54

Well that presentation yesterday went down like a lead balloon, look at the share price today...

[bmcollins] 21/12/2023 12:36

Investor meet company are doing a presentation of PMI on Jan 12 at noon, questions can be submitted in advance.
I think that it is a promising idea, conversing with shareholders in poor years.

[sphere25] 20/12/2023 09:18

Buying picking up here.

A couple of decent chunks of 298k and 325k picked up yesterday at 63.5p. A stream of buying this morning at 65p and now a 250k just gone through at 65p that has moved the offer to 66p. Someone was sat at 65p with a big chunk to sell, but it looks like that buy might have cleared them, to now have another go at breaking out.

How about a few more of these buys at 66p and 67p and the market can get its bullish boots on.

All imo
DYOR